Aditya Birla Sun Life

Investment Objective
The objective of the scheme is to provide reasonable returns at a high level of safety and liquidity through Investment Objective judicious investments in high quality debt and money market instruments. The Scheme does not guarantee/indicate any returns. There is no assurance that the objective of the Scheme will be achieved.
Fund Category: Liquid Fund
Scheme Rating: [ICRA]A1+mfs/ CARE AAA mfs

Fund Snapshot
Date of Allotment : Jun 16, 1997
Benchmark: Nifty Liquid Index A-I
Fund Manager - Mr. Kaustubh Gupta Managing the Fund Since: July 15, 2011 Experience in Managing the Fund: 14.7 Years
Fund Manager - Ms. Sunaina Da Cunha Managing the Fund Since: Jun 09, 2021 Experience in Managing the Fund: 4.8 Years
Fund Manager - Mr. Sanjay Pawar Managing the Fund Since: July 01, 2022 Experience in Managing the Fund: 3.7 Years
SIP: Daily/Weekly/Monthly: Minimum ₹ 100/-and in multiples of ₹ 1/- thereafter
Application Amount for fresh subscription: ₹ 100 (plus in multiplies of ₹ 1)
Minimum Additional Investment: ₹ 100 (plus in multiplies of ₹ 1)
Load Structure (as % of NAV) (Incl. for SIP)
Entry Load:	NIL
Exit Load:	Day 1 -0.0070%; Day 2 -0.0065%; Day 3- 0.0060%; Day 4-0.0055%; Day 5-0.0050%; Day 6 -0.0045%; Day 7-0.0000%
AUM as on March 31, 2026 (in ₹Crore)
Month End AUM	42,326.83
Monthly Average AUM	54,530.35
Total Expense Ratio (TER)
Regular	0.35%
Direct	0.21%
Including additional expenses and goods and service tax on management fees.
NAV as on March 31, 2026
Regular Growth	439.31
Regular IDCW$	100.21
Regular IDCW$	108.34
Regular IDCW$	100.34
Retail Growth	712.91
Retail IDCW$	163.73
IP Growth	731.59
IP IDCW$	108.05
IP IDCW$	108.30
Direct Growth	445.05
Direct IDCW$	100.22
Direct IDCW$	142.41
Direct IDCW$	100.34
$Income Distribution cum capital withdrawal

Top 10 Sectoral Contribution (in %)

Rating Profile of Portfolio

Instrument Profile
Instrument Name	% Net Assets
Certificate of Deposit	40.26%
Commercial Papers	36.58%
Sovereign	16.42%
Cash & cash equivalent	6.11%
Bonds & Debentures	0.37%
Others	0.27%

Debt Quants
Modified Duration	0.18 years
Average Maturity	0.18 years
Yield to Maturity	7.73%
Macaulay Duration	0.18 years

Portfolio Holdings as on March 31, 2026
( • Top Ten Holdings - Issuerwise)

Sector/Issuer Name	Rating	% to Net Assets
Debt & Debt Related
Money Market Instruments		93.26%
●IndusInd Bank Limited	CRISIL A1+	3.39%
●Punjab National Bank	ICRA A1+	2.86%
●Canara Bank	ICRA A1+	2.31%
●Punjab & Sind Bank	ICRA A1+	2.30%
●PNB Housing Finance Limited	CRISIL A1+	2.23%
●Union Bank of India	ICRA A1+	1.90%
RBL Bank Limited	ICRA A1+	1.73%
IDBI Bank Limited	ICRA A1+	1.72%
HDFC Bank Limited	ICRA A1+	1.66%
National Bank For Agriculture and Rural Development	ICRA A1+	1.66%
National Bank For Agriculture and Rural Development	ICRA A1+	1.66%
HDFC Bank Limited	ICRA A1+	1.61%
IndusInd Bank Limited	CRISIL A1+	1.61%
National Bank For Agriculture and Rural Development	ICRA A1+	1.50%
RBL Bank Limited	ICRA A1+	1.50%
Union Bank of India	ICRA A1+	1.32%
Canara Bank	ICRA A1+	1.26%
IndusInd Bank Limited	CRISIL A1+	1.26%
IIFL Finance Limited	ICRA A1+	1.26%
Reliance Retail Ventures Limited	CRISIL A1+	1.15%
City Union Bank Limited	ICRA A1+	1.15%
Tata Capital Limited	ICRA A1+	1.15%
City Union Bank Limited	ICRA A1+	1.15%
L&T Finance Ltd	ICRA A1+	1.15%
Export Import Bank of India	ICRA A1+	1.15%
JSW Energy Limited	ICRA A1+	1.14%
Tata Teleservices Maharashtra Limited	CRISIL A1+	1.12%
Union Bank of India	ICRA A1+	1.09%
IIFL Finance Limited	ICRA A1+	1.08%
IndusInd Bank Limited	CRISIL A1+	1.03%
IndInfravit Trust	ICRA A1+	1.03%
Union Bank of India	ICRA A1+	0.98%
Reliance Retail Ventures Limited	CRISIL A1+	0.92%
Motilal Oswal Financial Services Limited	ICRA A1+	0.92%
Canara Bank	ICRA A1+	0.92%
Motilal Oswal Financial Services Limited	ICRA A1+	0.92%
JSW Energy Limited	ICRA A1+	0.92%
Godrej Finance Ltd	ICRA A1+	0.91%
Yes Bank Limited	CRISIL A1+	0.81%
Bank of Baroda	CARE A1+	0.80%
Network 18 Media & Investments Limited	ICRA A1+	0.69%
Hero Fincorp Limited	ICRA A1+	0.69%
Hero Fincorp Limited	ICRA A1+	0.69%
IDFC First Bank Limited	CRISIL A1+	0.69%
SBICAP Securities Limited	ICRA A1+	0.69%
Kotak Securities Limited	ICRA A1+	0.69%
Sharekhan Ltd	ICRA A1+	0.69%
Canara Bank	ICRA A1+	0.63%
Small Industries Development Bank of India	CRISIL A1+	0.63%
Julius Baer Capital India Private Limited	ICRA A1+	0.58%
HDFC Bank Limited	ICRA A1+	0.58%
Bajaj Finance Limited	ICRA A1+	0.58%
Mahindra & Mahindra Financial Services Limited	CRISIL A1+	0.58%
Indian Bank	CRISIL A1+	0.58%
Canara Bank	ICRA A1+	0.58%
IDBI Bank Limited	ICRA A1+	0.58%
Julius Baer Capital India Private Limited	ICRA A1+	0.58%
Godrej Housing Finance Limited	ICRA A1+	0.58%
Bharti Telecom Limited	ICRA A1+	0.58%
Kotak Mahindra Bank Limited	CRISIL A1+	0.58%
Karur Vysya Bank Limited	ICRA A1+	0.57%
DCB Bank Limited	CRISIL A1+	0.57%
Bank of Baroda	CARE A1+	0.57%
Union Bank of India	ICRA A1+	0.57%
IDBI Bank Limited	ICRA A1+	0.57%
Indian Bank	CRISIL A1+	0.57%
Central Bank of India	CRISIL A1+	0.57%
Muthoot Finance Limited	ICRA A1+	0.57%
DCB Bank Limited	CRISIL A1+	0.57%
IIFL Finance Limited	ICRA A1+	0.57%
IIFL Finance Limited	ICRA A1+	0.57%
Manappuram Finance Limited	CRISIL A1+	0.57%
DSP Investment Managers Pvt Ltd	ICRA A1+	0.57%
DSP Investment Managers Pvt Ltd	ICRA A1+	0.57%
Axis Bank Limited	ICRA A1+	0.52%

Sector/Issuer Name	Rating	% to Net Assets
IDFC First Bank Limited	CRISIL A1+	0.46%
Small Industries Development Bank of India	CRISIL A1+	0.46%
Bank of India	CRISIL A1+	0.46%
DSP Investment Managers Pvt Ltd	ICRA A1+	0.46%
Cholamandalam Investment and Finance Company Limited	ICRA A1+	0.46%
Barclays Invest & Loans India Limited	ICRA A1+	0.46%
Mashreqbank PSC/India	CRISIL A1+	0.46%
ICICI Securities Limited	ICRA A1+	0.46%
SBICAP Securities Limited	ICRA A1+	0.46%
Motilal Oswal Financial Services Limited	ICRA A1+	0.46%
Bank of Baroda	CARE A1+	0.45%
Axis Bank Limited	ICRA A1+	0.40%
Deutsche Investments India Private Limited	ICRA A1+	0.40%
ONGC Petro Additions Limited	ICRA A1+	0.35%
Bank of Baroda	IND A1+	0.35%
Central Bank of India	CRISIL A1+	0.34%
HSBC InvestDirect Financial Services India Ltd	CRISIL A1+	0.34%
Export Import Bank of India	ICRA A1+	0.34%
Bajaj Housing Finance Limited	CRISIL A1+	0.34%
Nuvama Wealth Finance Ltd	ICRA A1+	0.34%
ICICI Securities Limited	ICRA A1+	0.34%
HSBC InvestDirect Financial Services India Ltd	CRISIL A1+	0.34%
Nuvama Wealth Management Ltd	ICRA A1+	0.34%
Standard Chartered Capital Limited	ICRA A1+	0.29%
National Bank For Agriculture and Rural Development	ICRA A1+	0.23%
The Federal Bank Limited	CRISIL A1+	0.23%
Cholamandalam Investment and Finance Company Limited	ICRA A1+	0.23%
Bank of Baroda	IND A1+	0.23%
DCB Bank Limited	CRISIL A1+	0.23%
Manappuram Finance Limited	CRISIL A1+	0.23%
Mirae Asset Financial Services (India) Pvt Ltd	CRISIL A1+	0.23%
The Federal Bank Limited	CRISIL A1+	0.23%
Infina Finance Private Limited	ICRA A1+	0.23%
Kotak Securities Limited	ICRA A1+	0.23%
Sharekhan Ltd	ICRA A1+	0.23%
SBICAP Securities Limited	ICRA A1+	0.23%
Nuvama Wealth & Investment Ltd	ICRA A1+	0.23%
SBICAP Securities Limited	ICRA A1+	0.23%
Cholamandalam Investment and Finance Company Limited	ICRA A1+	0.23%
Axis Bank Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Canara Bank	ICRA A1+	0.17%
Standard Chartered Capital Limited	ICRA A1+	0.17%
Kotak Mahindra Prime Limited	ICRA A1+	0.17%
Barclays Invest & Loans India Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Muthoot Finance Limited	ICRA A1+	0.17%
Godrej Industries Limited	ICRA A1+	0.17%
Cholamandalam Securities Ltd	ICRA A1+	0.17%
IDFC First Bank Limited	CRISIL A1+	0.12%
Hero Housing Finance Ltd	ICRA A1+	0.12%
HDFC Bank Limited	ICRA A1+	0.11%
IDFC First Bank Limited	CRISIL A1+	0.11%
Export Import Bank of India	ICRA A1+	0.11%
Cholamandalam Securities Ltd	ICRA A1+	0.11%
IDBI Bank Limited	ICRA A1+	0.06%
Birla Group Holdings Private Limited	ICRA A1+	0.06%
IDFC First Bank Limited	CRISIL A1+	0.06%
TREASURY BILLS		16.21%
●Government of India	SOV	5.63%
●Government of India	SOV	5.23%
●Government of India	SOV	4.61%
Government of India	SOV	0.48%
Government of India	SOV	0.22%
Government of India	SOV	0.02%
Government of India	SOV	0.01%
Government Bond		3.72%
●5.63% GOI 12APR2026	SOV	1.98%
6.99% GOVERNMENT OF INDIA 17APR26	SOV	1.74%
Fixed rates bonds - Corporate		0.45%
Power Finance Corporation Limited	ICRA AAA	0.45%
Alternative Investment Funds (AIF)		0.33%
Corporate Debt Market Development Fund		0.33%
Net Cash and Cash Equivalent		-13.96%
Grand Total		100.00%

Miscellaneous includes securities with exposure of less than 0.01%

Product Label
Scheme Name
Aditya Birla Sun Life Liquid Fund An Open ended Liquid Scheme. A relatively low interest rate risk and moderate credit risk.
This product is suitable for investors who are seeking*:
Reasonable returns with high levels of safety convenience of liquidity over short term Investments in high quality debt and money instruments with maturity of upto 91 days
Risk-o-meter	Benchmark Risk-o-meter Nifty Liquid Index A-I
*Investors should consult their financial advisors if in doubt whether the product is suitable for them.

Aditya Birla Sun Life Liquid Fund